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RESOLUTION d 7 {)
'!lffiEREA.S, under authority and a ireotion of a 1Resoluti Olt duly
passe~ by the City Couneil of the City of Ke•~ the City Treasurer
:has invested certain moneys from funis belonging to the Street
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11Department of said City in u. s. Savin~s Bonds, Series G, ana
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'.V:HEREAS 11 it has be~;:ome ne•essary for the proper operatic•
the saio Street Department that it use the moneys so investet,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
/ l/0/ KENT IN REGULAR MEETING ASSEM'BI.lED
At ~That t. he City Treasure~ is hereby authorizei and direetei
. . j,;tately to surrender saif u. s. Savings Bonds, Series G, in
whi, the said Street Department funds are investet to the Unitea
0 d 1 I V t/p 1 States Treasury Department, through any Federal Reserve Bank or
{} ' /:!other authorized ageney, and reeeive the then cash value therefor.
i1 AND BE IT FUHTHER RESOLVED
That upon the receipt of the moneys for said boa•s surrencl• il
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II ered tlte City Treasurer shall deposit saii moneys il'l a de-posit-
lory authorizei to hold ~unieipal fuRls to the eredit of the
'funds of the Street Department from which the investment was
/originally made.
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Passed by the City Council this 20th~.day of Ivla.y, 1946.
:Mayor
Atte~~~
--~k -;r--
$10,000.00 July 1943
&. 7 ,ooo .oo Feb. 1944
117,000.00 total